QRHC vs WCN
Quest Resource Holding Corp. and Waste Connections, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | QRHC | WCN |
|---|---|---|
| Revenue | $250.2M | $9.5B |
| Net income | $-15.4M | $1.1B |
| Gross margin | 17.0% | 42.4% |
| Net margin | −6.1% | 11.4% |
| Return on equity | −32.5% | 13.4% |
| Diluted EPS | −$0.73 | $4.17 |
| Dividend / share | · | $1.29 |
| Payout ratio | · | 31.0% |
| Free cash flow | $9.3M | $1.2B |
| Equity | $40.5M | $8.2B |
| Net debt / equity | 1.58× | 1.06× |
| Current ratio | 1.30× | 0.62× |
| Revenue CAGR 5y | 20.5% | 11.7% |
| Profit CAGR 5y | · | 39.4% |
WCN bills 37.8× the revenue of QRHC, and QRHC closed the last reported year at a loss.
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | QRHC | WCN |
|---|---|---|
| FY2025 | $250.2M | $9.5B |
| FY2024 | $288.5M | $8.9B |
| FY2023 | $288.4M | $8.0B |
| FY2022 | $284.0M | $7.2B |
| FY2021 | $155.7M | $6.2B |
| FY2020 | $98.7M | $5.4B |
| FY2019 | $99.0M | $5.4B |
| FY2018 | $103.8M | $4.9B |
| FY2017 | $138.3M | $4.6B |
| FY2016 | $183.8M | $3.4B |
Bottom line
| Fiscal year | QRHC | WCN |
|---|---|---|
| FY2025 | $-15.4M | $1.1B |
| FY2024 | $-15.1M | $617.6M |
| FY2023 | $-7.3M | $762.8M |
| FY2022 | $-6.0M | $835.7M |
| FY2021 | $1.7M | $618.0M |
| FY2020 | $1.0M | $204.7M |
| FY2019 | $-55,240 | $566.8M |
| FY2018 | $-2.4M | $546.9M |
| FY2017 | $-5.8M | $576.8M |
| FY2016 | $-8.0M | $246.5M |
16 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$9,216,698,000 | WCN |
| FY2024 | −$8,631,059,000 | WCN |
| FY2023 | −$7,733,573,000 | WCN |
| FY2022 | −$6,927,821,177 | WCN |
| FY2021 | −$5,995,645,627 | WCN |
| FY2020 | −$5,347,329,965 | WCN |
| FY2019 | −$5,289,699,860 | WCN |
| FY2018 | −$4,819,135,568 | WCN |
| FY2017 | −$4,492,141,673 | WCN |
| FY2016 | −$3,192,051,602 | WCN |
| FY2015 | −$1,947,147,951 | WCN |
| FY2014 | −$1,904,712,333 | WCN |
| FY2013 | −$1,958,534,460 | WCN |
| FY2012 | −$1,895,595,363 | WCN |
| FY2011 | −$1,840,002,025 | WCN |
| FY2010 | −$1,429,755,840 | WCN |
WCN has reported the higher revenue in every one of these 16 fiscal years. The gap has widened since the earliest year compared.
16 of 16 comparable fiscal years — a year missing data on either side is not counted.
13 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −17.5 pp | WCN |
| FY2024 | −12.1 pp | WCN |
| FY2023 | −12.0 pp | WCN |
| FY2022 | −13.7 pp | WCN |
| FY2021 | −9.0 pp | WCN |
| FY2020 | −2.7 pp | WCN |
| FY2019 | −10.6 pp | WCN |
| FY2018 | −13.5 pp | WCN |
| FY2017 | −16.7 pp | WCN |
| FY2016 | −11.7 pp | WCN |
| FY2015 | +0.1 pp | QRHC |
| FY2014 | −16.9 pp | WCN |
| FY2013 | −32.2 pp | WCN |
The higher net margin has changed hands between QRHC and WCN over this period.
13 of 16 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
QRHC's net margin has been more volatile than WCN's over the 13 comparable fiscal years — 6.7 percentage points of standard deviation against 4.4.
13 of 16 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between QRHC and WCN over these 13 fiscal years — QRHC led in 1 and WCN in 12.
13 of 16 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
QRHC's return on equity has been more volatile than WCN's over the 13 comparable fiscal years — 238.7 percentage points of standard deviation against 5.5.
13 of 17 comparable fiscal years — a year missing data on either side is not counted.
Year by year
WCN led in return on equity in every one of the 13 comparable fiscal years — a structural lead, not a recent swing.
13 of 17 comparable fiscal years — a year missing data on either side is not counted.